Last Update: 11:22 am ET

BRIC

ASEAN Sets the Pace for Global Rally‏

ASEAN markets are moving higher this week, and looks like they are going to go higher over the long and short term.
The Singapore Market looks very strong going forward, there is an excess of capital on the sidelines in Singapore according to Shayne Heffernan of Ebeling Heffernan pointing to Capitaland that yesterday [...]

Read More » No commentAugust 19, 2010

India industrial output grows at slowest in 13 months

NEW DELHI (AFP) – India’s industrial output in June expanded at its slowest pace in 13 months, official data showed Thursday, as Asia’s third-largest economy shows signs of cooling.
Production from factories, mines and utilities grew 7.1 percent from a year earlier, compared with a forecast rise of at least eight percent.
The figures [...]

Read More » No commentAugust 13, 2010

China’s population to near 1.4 billion by 2015

BEIJING (AFP) – China’s population will near 1.4 billion by 2015, when over half of the nation will be considered urban dwellers, state press said Sunday.
China’s urban population will rise to over 700 million people by 2015 when city dwellers outstrip the rural population for the first time, Xinhua news [...]

Read More » No commentJuly 4, 2010

Japan’s Sumitomo to buy Brazil iron ore mine stake

TOKYO (AFP) – Japanese trading firm Sumitomo Corp. said Thursday it will pay 1.93 billion dollars to purchase a 30 percent stake in an iron ore mine from major Brazilian steelmaker Usiminas.
The investment will boost Sumitomo’s access to iron ore by around 10 times to 10 million tons a year, the company [...]

Read More » No commentJuly 1, 2010

Solar cell makers feel euro’s pinch

BEIJING – Chinese solar cell makers are striving to find ways to diversify sales after the export-oriented industry suffered huge losses from the depreciation of the euro.
Despite continued revenue growth, solar cell makers’ profits have shrunk significantly due to volatile currency markets.
China’s solar cell industry was an early victim [...]

Read More » No commentJune 29, 2010

Taiwan, China to sign trade pact amid controversy

CHONGQING, China (AFP) – Taiwan and China will sign a landmark trade pact Tuesday, a deal that could yoke the two sides closer than at any time since their split more than 60 years ago.
The Economic Cooperation Framework Agreement (ECFA), to be signed in the mainland’s southwestern city of Chongqing, could unlock [...]

Read More » No commentJune 29, 2010

China’s president fires back at currency critics

TORONTO – Chinese President Hu Jintao fired back Sunday at critics of his currency policy by warning that wildly fluctuating currency exchange rates can threaten financial markets.
His speech at a global economic summit didn’t address complaints from the United States and others that an undervalued Chinese currency gives Chinese exporters an [...]

Read More » No commentJune 28, 2010

Sino-Canadian ties of ‘growing strategic importance’: Hu

OTTAWA (AFP) – Chinese President Hu Jintao kicked off a state visit to Canada on Thursday, dining with Queen Elizabeth II’s representative and later meeting with Canadian Prime Minister Stephen Harper.
At a state luncheon hosted by Governor General Michaelle Jean, Hu emphasized the “growing strategic importance” of Sino-Canadian relations.
“China values [...]

Read More » No commentJune 25, 2010

India eyes double-digit economic growth by 2013

MADRID (AFP) – The Indian economy, Asia’s largest after Japan and China, is accelerating and could reach double-digit growth by 2013, Indian Trade Minister Anand Sharma said Monday during a visit to Spain.
“We hope to grow at a rate of between 8.5 percent to 9.0 percent this year and we are [...]

Read More » No commentJune 22, 2010

China eases controls on yuan ahead of G20 meeting

SHANGHAI (Reuters) – China’s yuan hit a five-year peak on Monday after Beijing suddenly relaxed controls ahead of this weekend’s G20 summit, sparking stock gains around the world and questions about just how far China’s new currency flexibility would go.
China’s central bank has maintained a de facto peg since the middle [...]

Read More » No commentJune 22, 2010